Speaker 1: Hello, I'm Scott Hayward and welcome to the Money News
Speaker 1: Market Wrap podcast. Thanks to CMC Markets, an award winning
Speaker 1: trading provider backed by thirty plus years, experience your daily
Speaker 1: dose of money movements to devestrates your device on this Thursday,
Speaker 1: the nineteenth of June twenty twenty five. It's very rare
Speaker 1: that I find a week of market action boring, but
Speaker 1: another flat day on the ASX is getting me very close.
Speaker 1: There was only minimal movement on Wall Street overnight, setting
Speaker 1: the tone for the local market. The A six two
Speaker 1: hundred closed flat all day, eventually finishing down zero point
Speaker 1: one percent or seven points to eight thousand, five hundred
Speaker 1: and twenty three, and not even a slight surprise to
Speaker 1: the job numbers was enough to stop the slumber. While
Speaker 1: unemployment has been at historically low levels for the best
Speaker 1: part of the last three years, tough economic conditions could
Speaker 1: turn that in an instant. Staying at the level it
Speaker 1: has been since January, the unemployment rate was steady at
Speaker 1: four point one percent. The job market did drop by
Speaker 1: two five hundred workers over the month as a shift
Speaker 1: from part time work to full time work was observed.
Speaker 1: The participation rate was slightly weaker at sixty seven percent,
Speaker 1: but is still high by historical standards, arguably the strongest
Speaker 1: part of the economy in recent times. The job market
Speaker 1: has been given a boost by the number of government
Speaker 1: jobs being added over the last few years, but a
Speaker 1: slowdown in that area could be on the way, which
Speaker 1: is why we might see rising unemployment in the coming months.
Speaker 1: If that were the case, the Reserve Bank could look
Speaker 1: to boost the private sector through lower interest rates. The
Speaker 1: next decision on the Martary policy will happen on the
Speaker 1: eighth of July, just under three weeks away, with inflation
Speaker 1: figures to come out next week, and you can hear
Speaker 1: more about that and the job numbers and what fits
Speaker 1: in to the economic pitch up when I speak to
Speaker 1: David Bassnice on Money News to Night at seven pm
Speaker 1: or via your podcast feed to the markets, where Commonwealth
Speaker 1: Bank reached a fresh intra day record but eventually closed
Speaker 1: up one point five percent to one hundred and eighty
Speaker 1: two dollars eighty five per cents a share, National Australia
Speaker 1: Bank rows one point one percent, Westpackei by one point
Speaker 1: eight percent, and A and Zen up point three percent
Speaker 1: after announcing its retail boss would leave the bank. Gaming
Speaker 1: Machine Mark a Giant Aristocrat, rose one point six percent
Speaker 1: to sixty six dollars seventy three, and Kleinaway mopped up
Speaker 1: some earlier losses in trade to close up one point
Speaker 1: one percent to two dollars seventy three. Wicket Chinese Data
Speaker 1: cent Iron all Majors lower, BHP off more than two
Speaker 1: percent to thirty six dollars thirteen, fourty s Q off
Speaker 1: one point seven percent to fourteen dollars seventy seven, Gold
Speaker 1: Minus fell Evolution down four and a half percent to
Speaker 1: seven dollars seventy eight. Utility stocks were also set off.
Speaker 1: Origin and ag Are both dipped by one point four percent,
Speaker 1: Katmandu and ripkeurl owner KMD Brands film more than three
Speaker 1: percent to hit a record lower twenty five cents after
Speaker 1: it said that warmer weather in Australia over the autumn
Speaker 1: had dented sales, and Wisteck Global dipped one point nine
Speaker 1: percent after denouncing the two directors would exit the board.
Speaker 1: The Aussie dollar came back a little from yesterday, now
Speaker 1: worth sixty four point seven US cents. One dollar also
Speaker 1: worth forty eight British prints fifty six euro cents and
Speaker 1: just under ninety four Japanese yen, and as also just
Speaker 1: over one dollar and eight New Zealand. The oil price
Speaker 1: rows are touch high, with Brent crude pushing towards seventy
Speaker 1: seven US a barrel iron. All futures were positive but
Speaker 1: couldn't break that ninety three dollars US a ton break
Speaker 1: Gold was a touchweaker, sitting at three thousand, three hundred
Speaker 1: and fifty five dollars US announce and while Big Coyn
Speaker 1: has lifted slightly from this time yesterday, it is now
Speaker 1: worth one hundred and sixty two thousand, two hundred and
Speaker 1: sixty one Aussie dollars per unit. And while tariffs have
Speaker 1: been in the headlines all year, we're starting to see
Speaker 1: the impacts on budgets from the decision seeking to bring
Speaker 1: auto manufacturing back into the United States. Donald Trump brought
Speaker 1: in a twenty five percent tariff on the sector that's
Speaker 1: expected to add an extra thirty billion dollars of costs
Speaker 1: to the market, with car makers expected to pass on
Speaker 1: most of the cost to consumers. Now the average car
Speaker 1: is expected to rise in price by about two thousand dollars,
Speaker 1: resulting in around one million dollar fewer vehicle sales in
Speaker 1: the country over the next three years. General Motives and
Speaker 1: Ford have already both outlined the impact to their bottom
Speaker 1: lines of between two point five and five billion dollars.
Speaker 1: The move by the Trump administration could kill off EV
Speaker 1: incentives is also expected to change the market, with battery
Speaker 1: electric cars expected to make up just seventeen percent of
Speaker 1: the market by twenty thirty, down from predictions of thirty
Speaker 1: one percent previously. To either show the unemployment numbers and
Speaker 1: what it means for our economy and for you if
Speaker 1: you are a mortgage holder or a renter, will also
Speaker 1: take a look at your will and we might be
Speaker 1: time to check in at the end of the financial
Speaker 1: year and all the latest in the last Fortnighting Media
Speaker 1: and Advertising with Spinaches Ben Willie MBMS on your radio
Speaker 1: via streaming on your podcast feed. I'm Scott Hayward. I'll
Speaker 1: speech you think m